I remember playing an old 50's era precision about 5 years ago. My friend had raved about how good it was. It cost at the time about 10 or 12 grand.
Well, it was a piece of crap. The pickup was massively wooly and it was also clear to me that the action wasn't really going to come down in any way to a level I'd be happy with.
I'm happy to say that he gets a great deal of joy out of it and of course I never said anything about my misgivings. Like everything you could say "you could buy however many basses I actually like for that!!" as a rebuttal, but in truth, it doesn't matter as long as it does it for you.
I have basses I don't play much, but that's mainly because the projects I'm doing or have been doing don't suit them. Not because I'm trying to build up some massive collection to store in a temperature controlled, secirity guarded aircraft hanger.